TracFone Wireless, Inc. Assumes Control of Simple Mobile
MIAMI, FL.–June 19, 2012 – TracFone Wireless, Inc., America’s Number 1 no-contract cell phone provider, announced that, effective Monday, it completed its purchase of Simple Mobile, one of T-Mobile's largest mobile virtual network operators
TracFone will continue to provide service to over one million customers of Simple Mobile, offering such services as a $40 Unlimited Everything SIM-only program.
The step further consolidates TracFone’s leadership position in the SIM-only space. TracFone currently offers a “Bring Your Own Phone” SIM card option for its Straight Talk® and NET10® services.
The Simple Mobile acquisition also provides TracFone with several firsts, including a 4G offer, Mobile Broadband, and also Blackberry service.
On May 10, 2012, América Móvil S.A.B. de C.V. announced that it had signed an agreement to purchase 100 percent of the operations of Simple Mobile.
TracFone Wireless, Inc. is a subsidiary of América Móvil S.A.B. de C.V. ("AMX") (BMV: AMX; NYSE: AMX; Nasdaq: AMOV; LATIBEX: XAMXL), AMX is the leading provider of wireless services in Latin America. As of March 31, 2012, it had 246 million wireless subscribers -- more wireless customers than AT&T and Verizon combined -- and 59.7 million fixed revenue generating units in the Americas.
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